Company Overview

Paragon Real Estate Equity and Investment Trust (the “Company,” “Paragon,” “we,” “our,” or “us”) is a real estate company with its primary focus during 2005 on acquiring, repositioning, owning, managing and operating multifamily apartment communities. Generally, however, the selling prices of this asset category have been quite high recently and have impacted the availability and cost of financing. During 2006, Paragon has also been searching for and reviewing other value-added real estate deals, including land development, retail, office, industrial, hotel, and joint venture investments.

As...